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2024 data HMDA 2024 disclosure official source

Lafayette County

196 mortgage applications, 37.2% denial rate. Verify FIPS 05073 with U.S. Census Bureau →

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Arkansas · FIPS 05073

Local mortgage market. Lafayette County, Arkansas saw 196 HMDA-reported mortgage applications in 2024. Lenders originated 64 of those loans and denied 73, producing a denial rate of 37.2% and an approval (origination) rate of 32.7%. The average loan amount was $128,929 at an average note rate of 8.69%, with applicants self-reporting average annual income of $36K. 23 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 05073 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

196
Applications
64
Originated
37.2%
Denial Rate
32.7%
Approval Rate
$128,929
Avg Loan Amount
8.69%
Avg Interest Rate
$36K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Lafayette County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Farmers Bank & Trust 15 23.4%
2 21st Mortgage 11 17.2%
3 Triad Financial Services, INC. 6 9.4%
4 Vanderbilt Mortgage and Finance, INC 5 7.8%
5 Bodcaw Bank 3 4.7%
Compare Farmers Bank & Trust vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Lafayette County?
In the 2024 HMDA reporting year, 196 mortgage applications were filed in Lafayette County, Arkansas. Of these, 64 were originated (approved and funded), while 73 were denied, resulting in a denial rate of 37.2%.
What is the mortgage denial rate in Lafayette County?
The mortgage denial rate in Lafayette County is 37.2%. The approval (origination) rate is 32.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lafayette County?
The average mortgage loan amount in Lafayette County is $128,929. The average interest rate is 8.694%. The average applicant income is $36K.
What is the loan-to-income ratio in Lafayette County?
The average loan-to-income ratio in Lafayette County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lafayette County?
The top mortgage lenders in Lafayette County by origination volume are Farmers Bank & Trust, 21st Mortgage, Triad Financial Services, INC.. In total, 23 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.